IFGL Refractories Ltd

IFGL Refractories Ltd

₹ 512 0.30%
12 Jun 2:53 p.m.
About

IFGL Refractories Ltd is a manufacturer of Specialized refractories and requisite operating systems for Iron and Steel Industry.[1]

It is promoted by the S.K. Bajoria Group of India and Krosaki Harima Corporation of Japan, a global leader in the refractories business.[2]

Key Points

Product Portfolio
The Co.'s products include Slide Gate Systems, Purging Systems, Ladle Lining & Ladle Refractories, Tundish Furniture & Tundish Refractories, and others. [1]

  • Market Cap 1,844 Cr.
  • Current Price 512
  • High / Low 698 / 326
  • Stock P/E 32.0
  • Book Value 193
  • Dividend Yield 1.36 %
  • ROCE 10.6 %
  • ROE 8.50 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 41.3%

Cons

  • Stock is trading at 2.65 times its book value
  • Company has a low return on equity of 9.54% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
236 225 216 182 210 227 260 197 209 242 254 233 270
206 197 189 154 171 184 206 210 178 204 224 213 233
Operating Profit 30 28 27 28 39 43 54 -13 31 38 30 20 37
OPM % 13% 13% 13% 15% 18% 19% 21% -7% 15% 16% 12% 8% 14%
4 0 2 2 7 3 4 3 6 7 4 2 3
Interest 1 1 1 1 1 2 2 3 3 2 3 3 3
Depreciation 12 10 11 11 13 12 11 11 13 13 13 13 15
Profit before tax 22 17 18 18 33 33 44 -24 22 29 17 6 22
Tax % 27% 30% 22% 30% 30% 31% 31% -87% 29% 25% 21% 15% 23%
16 12 14 12 23 23 30 -3 16 22 14 5 17
EPS in Rs 4.35 3.32 3.87 3.42 6.37 6.25 8.36 -0.85 4.32 6.11 3.79 1.39 4.69
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
47 372 443 489 499 649 787 833 893 998
35 321 369 416 427 510 669 710 777 873
Operating Profit 11 51 75 73 72 139 119 123 116 124
OPM % 25% 14% 17% 15% 14% 21% 15% 15% 13% 12%
0 3 2 3 8 6 14 12 17 16
Interest 2 4 5 5 4 4 4 6 11 12
Depreciation 3 37 38 39 39 39 41 44 47 54
Profit before tax 7 13 34 33 36 101 87 85 74 75
Tax % 0% -45% 33% 20% 17% 56% 27% 28% 12% 23%
7 18 23 26 30 45 63 61 65 58
EPS in Rs 30.32 62.28 6.27 7.20 8.25 12.44 17.54 16.97 18.07 15.98
Dividend Payout % 0% 3% 32% 35% 30% 80% 40% 41% 39% 44%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 8%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: -3%
TTM: -10%
Stock Price CAGR
10 Years: %
5 Years: 34%
3 Years: 23%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 10%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 2 3 36 36 36 36 36 36 36 36
Reserves 24 439 453 470 478 523 550 586 626 658
23 71 90 67 41 46 86 115 119 153
9 97 75 68 82 147 161 136 137 185
Total Liabilities 58 610 654 641 637 752 833 873 917 1,032
31 304 277 261 257 227 234 249 256 313
CWIP 0 1 3 6 4 18 15 30 77 7
Investments 0 69 69 102 150 184 191 189 183 164
27 236 305 272 226 323 393 406 402 547
Total Assets 58 610 654 641 637 752 833 873 917 1,032

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
11 -7 10 91 119 91 10 63 116 24
-2 5 -19 -56 -50 -101 -8 -59 -85 -20
-9 3 9 -35 -62 3 -2 -4 -31 -4
Net Cash Flow 0 1 0 -1 7 -8 -0 -0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 148 152 170 105 92 88 84 88 78 82
Inventory Days 90 88 80 126 105 121 157 137 136 186
Days Payable 167 115 110 89 89 102 100 63 76 101
Cash Conversion Cycle 72 124 141 142 108 107 140 162 138 168
Working Capital Days 71 132 158 124 92 87 113 123 106 160
ROCE % 6% 7% 6% 6% 18% 14% 13% 11% 11%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
72.43% 72.44% 72.44% 72.44% 72.44% 72.44% 72.44% 72.44% 72.44% 72.44% 72.44% 72.44%
0.00% 0.04% 0.02% 0.00% 0.04% 0.03% 0.37% 0.27% 0.18% 0.18% 0.13% 0.12%
10.60% 10.46% 10.45% 10.45% 10.46% 11.82% 11.70% 13.52% 13.77% 14.00% 13.72% 13.62%
16.96% 17.07% 17.08% 17.12% 17.07% 15.69% 15.49% 13.75% 13.61% 13.38% 13.71% 13.81%
No. of Shareholders 19,51119,62619,18818,93618,42720,07821,43018,90118,46618,25519,16818,613

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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